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Rhode Island housing market better last month than in 2014

 Statistics released by the Rhode Island Association of Realtors show that single-family house sales held steady in March despite the harsh weather.

Association President Bruce Lane says he expects the number of listings and closings in the state to increase further into spring.

The Providence Journal reports 609 homes were sold in March, up 2 percent from March 2014. The median monthly sales price rose slightly from $205,000 to $206,000. The number of multifamily homes sold jumped by nearly 37 percent from 84 to 115, with a new median price of $158,500.

Rhode Island's condominium market was not as fruitful, experiencing a 3 percent decline in total units sold and an 11 percent drop in median price.

The association's report only tracks realtor-assisted sales.


 

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